September 30, 2023

Major ROK bank to set up task force exploring inter-Korean economic cooperation

KEB Hana Bank among several companies eyeing Northern business opportunities should sanctions ease

Major South Korean bank Hana Financial Group (KEB Hana Bank) is in the process of setting up its own ‘taskforce team’ (TFT) to investigate future joint projects with North Korea, NK News confirmed on Monday.

In news first reported by the South's Yonhap News Agency, KEB Hana’s TFT is set to begin work “as early as this month” and may seek outside help running the group after an initial period.